Deliveroo chooses London as the venue for its planned $7B stock market listing after the government made rule changes allowing founders to keep more control
Deliveroo has chosen London for its highly anticipated initial public offering (IPO) after Rishi Sunak, the UK chancellor, endorsed an overhaul of listing rules to allow founders to retain more control after going public. https://www.google.co.uk/...
The flood of UK officials + others rushing to celebrate a UK-founded and UK-focused business deciding to list its shares in London seems to highlight nicely how desperate the situation is for Global Britain at the moment. https://www.ft.com/...
A $10bn valuation isn't bad going for a company that warned the UK's competition watchdog it was at risk of going under less than a year ago. It would be a jump from around $7bn in January's pre-IPO financing, which itself was double the 2019 round led by Amazon